This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Financial Engines Reports Fourth Quarter And Full Year 2012 Financial Results

Financial Engines (NASDAQ: FNGN), America’s largest independent registered investment advisor, today reported financial results for its fourth quarter and full year ended December 31, 2012.

Financial results for the fourth quarter of 2012 compared to the fourth quarter of 2011: i
  • Revenue increased 26% to $51.4 million for the fourth quarter of 2012 from $40.9 million for the fourth quarter of 2011.
  • Professional management revenue increased 37% to $43.2 million for the fourth quarter of 2012 from $31.5 million for the fourth quarter of 2011.
  • Net income was $6.5 million, or $0.13 per diluted share, for the fourth quarter of 2012 compared to $5.8 million, or $0.12 per diluted share, for the fourth quarter of 2011.
  • Non-GAAP Adjusted EBITDA i increased 25% to $17.5 million for the fourth quarter of 2012 from $14.0 million for the fourth quarter of 2011.
  • Non-GAAP Adjusted Net Income i increased 21% to $8.2 million for the fourth quarter of 2012 from $6.8 million for the fourth quarter of 2011.
  • Non-GAAP Adjusted Earnings Per Share i increased 14% to $0.16 for the fourth quarter of 2012 from $0.14 for the fourth quarter of 2011.

Financial results for the full year 2012 compared to the full year 2011: i
  • Revenue increased 29% to $185.8 million in 2012 from $144.1 million in 2011.
  • Professional management revenue increased 39% to $150.9 million in 2012 from $108.2 million in 2011.
  • Net income was $18.6 million, or $0.37 per diluted share, in 2012 compared to $15.1 million, or $0.31 per diluted share, in 2011.
  • Non-GAAP Adjusted EBITDA i increased 37% to $55.8 million in 2012 from $40.8 million in 2011.
  • Non-GAAP Adjusted Net Income i increased 34% to $25.0 million in 2012 from $18.6 million in 2011.
  • Non-GAAP Adjusted Earnings Per Share i increased 32% to $0.50 in 2012 from $0.38 in 2011.

Key operating metrics as of December 31, 2012: ii
  • Assets under contract (“AUC”) were $575 billion.
  • Assets under management (“AUM”) were $63.9 billion.
  • Members in Professional Management were over 660,000.
  • Asset enrollment rates for companies where services have been available for 26 months or more averaged 12.7% iii.

“With more than six million employees and half a trillion dollars of assets in the 401(k) plans that have hired us, our job is to reach more people and make a bigger impact in their lives,” said Jeff Maggioncalda, chief executive officer of Financial Engines. “The dramatic increase in our integrated enrollment coverage, the rapidly growing deployment of Income+, and our expansion into IRA management puts us in a great position to continue to drive this reach and impact.”

1 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,596.35 -350.33 -1.95%
S&P 500 2,057.64 -43.85 -2.09%
NASDAQ 4,958.4680 -122.0370 -2.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs